GOP senator calls for repealing new law designed to prevent money laundering and terrorism

Sen. Mike Lee (R-UT) took to X on Friday to try to drum up public support for his plan to repeal a recently enacted law intended to crack down on money laundering and the finance of terrorism.

"I’ve got a bill — the Saving Privacy Act — that would repeal the Corporate Transparency Act," wrote Lee, quoting a post from several months ago by Sen. Tommy Tuberville (R-AL) railing against the law. "Do you agree that the CTA is unduly intrusive and needs to be repealed?"

Lee's comment generated...